Examlex
Which of the following is NOT a step in articulating a vision?
Operating Leverage
A measure of how revenue growth translates into growth in operating income, due to fixed costs in a company's structure.
Net Income
This is the total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
Variable Expenses
Costs that change in proportion to the level of activity or production volume.
Fixed Expenses
Costs that do not fluctuate with the volume of production or sales, such as rent, salaries, and insurance.
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